Post
Topic
Board Altcoin Discussion
Re: I'm new here,what is altcoin
by
Chuky92
on 01/07/2020, 23:50:20 UTC
I heard the knowledge of bitcoin (btc)and ETH since 2016 and i want to know the difference between altcoin and BTC and ETH.

and how influential is altcoin because beginners that ask question is really or interested to know which I am willing to know.

I know some people will react to this topic violently and some will respond with manner,
I am here to know what i don't know because I believe that knowledge is power and also the beginning of success.



Welcome to the crypto space and i don't see anything wrong in asking what you don't know. All coins in the crypto space are called cryptocurrencies but there is a difference though, BTC is the first cryptocurrency while all other coins are called Alternative cryptocurrencies or Alternative Coins hence the short form which is Altcoins. Therefore this is the only difference between ETH and BTC, although each have their own features which makes them stand out. Also, the Influential nature of an altcoin depends on the altcoin itself, that is, ETH is very influential when compared to others, owing to its features which contributed to its position on the coinmarketcap. On the other hand, most new altcoins are less influential and will either grow with time or die with time, which also depends on the team.